Bosnia hopes to agree new arrangement with IMF in May

Bosnia and Herzegovina can hope for a new arrangement with the International Monetary Fund of about EUR 500 million to stabilise public finances and support the budgets of the country's two entities, Bosnian media said on Monday, reporting on a visit by state and entity officials to Washington for talks with IMF and World Bank representatives over the weekend.

The IMF's Sarajevo office said in a press release that it had been agreed that an IMF mission would visit Bosnia in May and resume talks on a package of tax, financial and structural reforms on which the approval of a new credit arrangement depended.

IMF and WB representatives held productive talks with the Bosnian officials, with both sides confirming they were committed to reaching an agreement on an ambitious economic reform programme, it was said.

Bosnian Council of Ministers Chairman Denis Zvizdic told Klix portal the Bosnian officials asked for an expanded three-year arrangement in the amount of EUR 537 million, voicing confidence that an agreement would be reached in May.

Last update: Mon, 18/04/2016 - 21:07


More from Balkan

Bulgaria's new President Radev sworn in

Bulgaria's new President Rumen Radev swore an oath of office in the country's parliament on Thursday before formally...

Croatia will continue to help Montenegro

Exceptionally good and friendly relations between Croatia and Montenegro which have a special quality through...

U.S. Ambassador: Sanctions imposed on Dodik due to his secessionist intentions

Sanctions imposed on Republika Srpska President Milorad Dodik have become unavoidable because of his secessionist...

Security minister warns situation in Bosnia "drastically complicated"

Bosnia and Herzegovina's Minister of Security Dragan Mektic on Wednesday warned that the situation in his country...

Croatia to decide on its own whether to join sanctions against Dodik

Croatia will decide on its own whether to join in the US sanctions against Republika Srpska President Milorad Dodik...